Job Description

The Real Estate Accountant is responsible for managing and overseeing financial activities related to real estate transactions and operations. This role ensures accurate accounting, financial reporting, and compliance with regulations for properties under the company's management. The accountant will collaborate with property managers, finance teams, and external stakeholders to ensure the smooth financial operation of real estate investments.

Key Responsibilities:

Financial Reporting:

Prepare monthly, quarterly, and annual financial statements for real estate assets, ensuring accuracy and compliance with industry standards.

Accounting for Transactions:

Oversee the accounting for property acquisitions, sales, leases, and ongoing management, ensuring all entries are accurately recorded in the general ledger.

Budgeting & Forecasting:

Assist in creating budgets for real estate projects and manage cash flow by tracking income and expenses.

Tax Compliance:

Ensure tax obligations related to real estate transactions, including VAT, property taxes, and other regulations, are met in a timely manner.

Audit Support:

Provide necessary documentation and reports for internal and external audits, ensuring proper compliance with all financial regulations.

Reconciliation:

Reconcile accounts related to real estate investments, including bank accounts, property-related expenses, and income.

Vendor Management:

Process invoices and manage relationships with contractors, vendors, and service providers related to property maintenance and development.

Lease Accounting:

Maintain accurate records of lease agreements, payments, and financial obligations for both landlords and tenants.

Financial Analysis:

Provide financial analysis and reports to management, helping to assess the profitability of properties and investment strategies.

Skills & Qualifications:

Bachelor's degree in Accounting, Finance, or related field. Proven experience in accounting, ideally in real estate or property management. Knowledge of real estate accounting principles, including property transactions and leasing. Proficient in accounting software and Microsoft Excel. Strong analytical and problem-solving skills. Excellent attention to detail and ability to meet deadlines. Strong communication and interpersonal skills to work with various teams.
Job Type: Full-time

Pay: AED3,500.00 - AED4,500.00 per month